Torres Cantu Ernesto 4
4 · CITIGROUP INC · Filed Feb 13, 2026
Research Summary
AI-generated summary of this filing
Citigroup (C) Head of International Ernesto Torres Cantu Sells Shares
What Happened
Ernesto Torres Cantu, Citigroup's Head of International, reported an award and open‑market sales. On 2026-02-11 he was granted 31,126.41 deferred shares under Citigroup’s 2019 Stock Incentive Plan (no cash paid). On 2026-02-13 he sold a total of 67,318 shares in two open‑market transactions: 24,145 shares for $2,683,586 (avg price reported $111.14) and 43,173 shares for $4,796,093 (avg price reported $111.09), totaling approximately $7,479,679. The sales are dispositions (not purchases).
Key Details
- Transaction dates: Award 2026-02-11; Sales 2026-02-13. Filing date: 2026-02-13 (Form 4 accession 0001193125-26-051368).
- Sale prices/values reported: 24,145 shares at avg $111.14 = $2,683,586 (F2); 43,173 shares at avg $111.09 = $4,796,093 (F3); total proceeds ≈ $7,479,679.
- Award: 31,126.41 shares granted (F1); vests in four equal annual installments beginning Feb 20, 2027; none are eligible for immediate sale.
- Footnotes F2/F3: reported prices are averages across multiple trades (ranges given); full trade-level detail is available to the SEC on request.
- Shares owned after the transactions: not specified in the provided excerpt.
- Timeliness: Filing dated 2026-02-13 for transactions on 2/11 and 2/13; appears to be filed within typical Form 4 timing (timely).
Context
These were open‑market sales (dispositions), which are generally routine and don’t necessarily signal a change in insider conviction; the concurrent deferred award is compensation that vests in future years and was not sellable immediately. No 10b5‑1 plan or other trading plan is disclosed in the provided filing.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-11+31,126.41→ 179,247.58 total - Sale
Common Stock
[F2]2026-02-13$111.14/sh−24,145$2,683,586→ 155,102.58 total - Sale
Common Stock
[F3]2026-02-13$111.09/sh−43,173$4,796,093→ 45,835 total(indirect: By Spouse)
Footnotes (3)
- [F1]Award of deferred stock pursuant to the Issuer's 2019 Stock Incentive Plan. This award vests in four equal annual installments beginning on February 20, 2027; none of the award is eligible for immediate sale.
- [F2]This price represents the average sale prices for multiple transactions reported on this line. The prices of the transactions reported on this line ranged from USD $111.02 to USD $111.26. Upon request by the SEC staff, the Issuer or a security holder of the Issuer, the Reporting Person will undertake to provide full information regarding the number of shares and prices at which the transactions were effected.
- [F3]This price represents the average sale prices for multiple transactions reported on this line. The prices of the transactions reported on this line ranged from USD $110.915 to USD $111.225. Upon request by the SEC staff, the Issuer or a security holder of the Issuer, the Reporting Person will undertake to provide full information regarding the number of shares and prices at which the transactions were effected.